But Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, expects indicators for the U.S. to look good.

Money in Motion: Trading Risk Currencies

Weak Chinese trade data is causing a sell-off in one commodity currency. Insight on whether investors should bet on a Chinese soft landing, with Amelia Bourdeau, Westpac Institutional bank, who discusses the breakdown in the Aussie dollar.

"I think we're going to have strong CPI data out of the U.S., strong retail sales, and that will push the dollar higher," she told CNBC's Scott Wapner.

So Bourdeau wants to buy the dollar against the yen. She recommends entering the trade at 82.20 with a stop at 81.00 and a target of 85.00